AT Bancorp Raises Stake in United Continental Holdings (UAL)

AT Bancorp grew its position in United Continental Holdings (NYSE:UAL) by 77.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,006 shares of the transportation company’s stock after purchasing an additional 9,577 shares during the period. AT Bancorp’s holdings in United Continental were worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Korea Investment CORP lifted its holdings in shares of United Continental by 23.2% in the first quarter. Korea Investment CORP now owns 95,640 shares of the transportation company’s stock valued at $6,644,000 after purchasing an additional 18,040 shares in the last quarter. Fagan Associates Inc. bought a new stake in shares of United Continental in the first quarter valued at about $292,000. LS Investment Advisors LLC lifted its holdings in shares of United Continental by 26.6% in the first quarter. LS Investment Advisors LLC now owns 11,212 shares of the transportation company’s stock valued at $779,000 after purchasing an additional 2,354 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of United Continental by 94.3% in the first quarter. First Mercantile Trust Co. now owns 28,212 shares of the transportation company’s stock valued at $1,960,000 after purchasing an additional 13,689 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of United Continental by 0.6% in the first quarter. Thrivent Financial for Lutherans now owns 1,105,509 shares of the transportation company’s stock valued at $76,800,000 after purchasing an additional 6,529 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.

UAL has been the topic of a number of research reports. Sanford C. Bernstein upgraded United Continental from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, February 13th. JPMorgan Chase upgraded United Continental from an “underweight” rating to an “overweight” rating and set a $83.00 price target on the stock in a report on Tuesday, January 30th. ValuEngine lowered United Continental from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Morgan Stanley boosted their price target on United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $85.94.

UAL opened at $69.49 on Friday. United Continental Holdings has a 52-week low of $67.87 and a 52-week high of $69.71. The stock has a market cap of $18.86 billion, a P/E ratio of 10.28 and a beta of 0.88. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.52 and a current ratio of 0.58.

United Continental (NYSE:UAL) last released its earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.43. The business had revenue of $9.03 billion for the quarter, compared to analyst estimates of $9.01 billion. United Continental had a return on equity of 23.63% and a net margin of 5.69%. United Continental’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. equities research analysts predict that United Continental Holdings will post 7.89 EPS for the current year.

In other United Continental news, Director Edward Shapiro purchased 25,000 shares of the stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $70.65 per share, with a total value of $1,766,250.00. Following the completion of the transaction, the director now directly owns 37,707 shares in the company, valued at $2,663,999.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregory L. Hart sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $70.62, for a total value of $282,480.00. Following the transaction, the chief operating officer now directly owns 24,279 shares in the company, valued at approximately $1,714,582.98. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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